GDF has submitted a response to the Bank of England (BoE) Discussion Paper on the regulatory regime for systemic payment systems using stablecoins and related service providers. GDF welcomes the work the BoE is doing, and believes firmly in their intent to support innovation and provide end to end regulation while following the principles of same risk, same regulatory outcome and simultaneously developing new regulatory requirements for new risks. The response looks to provide suggestions of areas where further consideration and clarity may be needed for the creation of an appropriate and effective stablecoin framework in the UK.
Download the key takeaways from the response